Latest News Editor's Choice

Business / Companies

ZSE Market Report:- Industrials continues to rise, up 10% year to date

by Business reporter
24 Jan 2013 at 10:09hrs | Views
ZSE's mainstream index continued to rise on Thursday as blue chips Delta and Innscor continued to trade at new highs, taking the Industrials gains in the past 4 weeks to 10.31%.

The Industrials Index was 0.63 points or 0.38% firmer at 168.11 taking its year to date gains to 10.31 % while on a year-on-year basis it is 19.69% up. The Minings Index rebounded 122 points or 1.60% to 77.74 after Hwange's bid improved to 19c from 17c yesterday.

Total transaction value slowed but remained above the psychological $1 million at $1,254 million from a volume of 9.631 million shares compared with $1,414 million on a volume of 2.879 million shares.

Delta added another 0.53c to 116.03c in deals worth $840 694 taking its market cap to $1,395 bin while Innscor was 0.50c firmer at 81.5c, its all-time high.

Meikles was 1.10c firmer at 23c as the market remains speculating on the company's reported involvement in diamond mining activities in Chiadzwa.

Other notable risers were cigarette manufacturer BAT which added 29c to 450c and OK Zimbabwe which closed 0.14c up at 15.8c. Econet remained stable at 520c.

Afre led the risers after adding 0.80c to 6c while Pearl Properties eased 0.10c to 3.4c in significant trades worth $170 391. SeedCo dropped 3c back to 77c.

Zfn's main indices continued on an upward trajectory with the Datvest All Share Index adding 0.34 points or 0.30% to 111.19 whie the heavyweight's measure also advanced 0.30% to 114.94. On a year to date basis the DASI is now up 10.21 % while the FBC ZSE-10 Index is 12.86% up.

Join Bulawayo24 Online Community
Source - zfn